Impossible for EU-UK to reach a trade deal by end of the year – Germany’s BDI

Dhwani Mehta FXStreet

According to Germany’s powerful BDI industry association, it is 'impossible' for the EU-UK to agree on a trade deal by the end of the year.

Key Quotes:

The risk of a disorderly Brexit will remain even after the UK leaves this week.

No reason to sound the all-clear now since transition period only lasts up to a year.

It is impossible to complete such a project by the end of the year.

Urges EU27 to remain united and strong in negotiations.

UK decision to rule out extension of transition period is a 'grave mistake'.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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